Cannae Holdings, Inc. filed its quarterly report on Form 10-Q for the period ended September 30, 2026, with the SEC on November 9, 2026, disclosing a net loss attributable to common shareholders of $14.8 million for the nine months ended September 30, 2026, alongside $48.4 million in goodwill impairment charges year-to-date.

Key Highlights

  • Net loss (Q3 2026): Net loss attributable to Cannae Holdings common shareholders was $20.2 million for the three months ended September 30, 2026, compared to a loss of $68.4 million in the prior-year quarter.
  • Goodwill impairment: The company recorded goodwill impairment charges of $16.2 million in Q3 2026 and $48.4 million for the nine months ended September 30, 2026, with no comparable charge in the prior-year periods.
  • Recognized gains: Recognized gains, net, were $30.3 million for Q3 2026 and $105.2 million for the nine months ended September 30, 2026, compared to losses of $60.9 million in the prior-year nine-month period.
  • Shares outstanding: As of November 6, 2026, there were 39,227,478 shares of common stock outstanding, down from 46,703,745 shares outstanding as of December 31, 2025.
  • Total assets: Total assets were $1,112.8 million as of September 30, 2026, compared to $1,308.9 million as of December 31, 2025.
  • Discontinued operations: Net loss from discontinued operations, net of tax, was $36.0 million for the nine months ended September 30, 2026, compared to $112.3 million for the same period in 2025.
  • Treasury stock: Treasury stock stood at 54,991,113 shares as of September 30, 2026, at a cost of $1,140.7 million, up from 48,221,655 shares at $1,046.5 million as of December 31, 2025.

Cannae Holdings Reports Q3 2026 Results: Gains Offset by Impairments and Operating Losses

According to the filing, Cannae Holdings (NYSE:CNNE) reported total operating revenues of $68.1 million for the three months ended September 30, 2026, down from $81.3 million in the same quarter of 2025. Restaurant revenue, the primary component, was $66.2 million in Q3 2026 versus $69.0 million a year earlier. Total operating expenses for the quarter were $94.5 million, including $16.2 million in goodwill impairment, producing an operating loss of $26.4 million for the quarter.

The company disclosed that recognized gains, net, of $30.3 million for Q3 2026 offset a portion of the operating loss, resulting in income before income taxes and equity in losses of unconsolidated affiliates of $4.3 million for the quarter. However, equity in losses of unconsolidated affiliates of $11.4 million and a net loss from discontinued operations of $16.0 million contributed to a total net loss of $24.6 million for Q3 2026, the filing stated. For the nine months ended September 30, 2026, the company reported a net loss attributable to common shareholders of $14.8 million, compared to a loss of $420.2 million for the same period in 2025.

On the balance sheet, the filing reported total assets of $1,112.8 million as of September 30, 2026, compared to $1,308.9 million at December 31, 2025. Cash and cash equivalents declined to $111.7 million from $180.2 million over the same period. Total Cannae shareholders' equity was reported at $885.1 million, down from $1,012.0 million at year-end 2025. The company carried notes payable of $64.6 million long-term and $1.0 million current as of September 30, 2026, according to the filing.

What Was Disclosed

Cannae Holdings filed its Form 10-Q for the quarter ended September 30, 2026, reporting a net loss attributable to common shareholders of $20.2 million for Q3 and $14.8 million year-to-date, alongside $48.4 million in cumulative goodwill impairment charges and $105.2 million in year-to-date recognized gains.